The address that drained Liquid’s federation wallet broadcast a return of 3,400 BTC while keeping 598.50 BTC. The transaction is unconfirmed and replaceable.

Nearly 4,000 BTC reportedly left Liquid’s federation wallet as an onchain message claimed, “we are whitehats.”

Liquid pauses its network after roughly 4,000 BTC worth $320M is withdrawn from the federation wallet in a security incident.